In this post, we will get to explore some of the data protection laws of the world. Also, we will know why these laws are crucial today.
Data Protection Laws of the World
In this modern world where information is the key to success and money, the need for data protection laws is at an all-time high. Data protection laws are meant to protect user data from being exploited by businesses or government agencies.
GDPR
One of the most in-depth laws about data protection is the General Data Protection Regulation (GDPR) which is a data protection law. It is an EU regulation that protects the personal information of the users from being collected and misused. This law is crucial because it gives the users a lot of rights over their data.
Then, one of the striking features of this law is that it takes effect on May 25, 2018. So, all businesses that deal with user data need to comply with this regulation by then.
Moreover, another important aspect of this law is that it has not only been limited to European Union nations but also non-EU nations. This means that any business international company dealing with user data will have to comply with GDPR or face fines.
And since this is going to be implemented worldwide, many businesses and companies are making efforts to get ready for this crucial law. But despite all these laws, some companies are still not ready to deal with these rules and regulations.
As a result, they are trying to avoid them which can be very harmful in the long run as they might get fined heavily. Or even shut down if they don’t comply with these laws and regulations.
HIPAA
In the healthcare sector in the US, there is the Health Insurance Portability and Accountability Act that is aimed at protecting the privacy of patient data. It is one of the most important laws in the US.
The law was implemented in 1996 and it was last amended in 2013. This law is crucial because it is aimed at protecting the personal information of the patients from being collected and misused.
However, this law is only applicable to the healthcare sector since it is aimed at protecting patient health and identity. Also, this law doesn’t only protect patients’ data but also the employees of healthcare facilities. Thus, it gives strict rules to healthcare professionals and organizations that deal with patient data.
To comply with this regulation, it requires all healthcare organizations to develop a formal written information security program. This program will outline how to collect, store, transmit and destroy data securely within their system. Hence, this law can have a great impact on the success or failure of a business or organization dealing with patient data.
As a result, it’s crucial to abide by this regulation as there are heavy fines and penalties.
Data Protection Laws of the World: Conclusion
As you can see, there is a data protection law for almost every sector and industry. These laws are crucial today as it protects the personal information of the users from being exploited. And if you want to avoid heavy fines or penalties, you need to comply with these rules and regulations.